Molybdenum market quotation in China: ferro molybdenum, sodium molybdate and ammonium heptamolvbdate prices continue to be in the upward trend in the first trading day on June 15, 2021 after the holiday of Dragon Boat Festival driven by increased demand and the rise in international molybdenum price. 

A simple sodium molybdate-contained catalyst could be used to purify soil contaminated by perchlorate. According to foreign media reports, a novel study led by the University of California, Riverside has discovered a relatively simple catalyst that can remove these chemicals and also help reduce water and soil pollution on the planet.

Mkango Resources Ltd. is pleased to announce that the company and Grupa Azoty Zakłady Azotowe, a Polish Leading Fertilizer and Chemicals Company, have agreed to work together towards the development of a rare earths separation plant in Poland.

A German company develops induction rare earth-free motor for allaying China's rare earth control. Electric motors are the core of all electric vehicles. However, electric motors require rare earth metals such as neodymium as permanent magnet materials. China, which accounts for more than 97% of global production, could manipulate the lifeblood of the world's high-tech industries.

Analysis of latest tungsten market from Chinatungsten Online

China’s domestic tungsten price is unchanged from the previous trading day on June 10, 2021 due to heavy wait-and-see atmosphere in the market. Despite of the weakness in the overseas markets, China’s export market keeps firm affected by the appreciation of the yuan. 

China rare earth price maintained weak adjustment in the week ended on Friday, June 11, 2021. Although some product stocks were not very large, due to the weak demand of downstream users and the heavier price reduction psychology, suppliers have slightly insufficient ability to stabilize prices, and most mainstream product prices have declined slightly.

China molybdenum price showed a steady upward trend in the week ended on Friday, June 11, 2021. In addition to the good international market sentiment, which played a role in supporting the increase in confidence in the domestic market, the tight supply was the main reason for the sharp increase in prices.

Analysis of latest tungsten market from Chinatungsten Online

The ferro tungsten and ammonium paratungstate (APT) prices in China remain stable on June 9, 2021 as most new guide prices for the first half of this month were unchanged from last time. 

Rare earth market quotation in China: DyFe, dysprosium oxide and praseodymium and neodymium metal prices continue to edge lower on June 10, 2021 due to the inconsistent negotiations between the supply and demand sides, poor market activity and limited transactions.

China’s domestic molybdenum price shows a steady upward trend in early June, 2021. Under the continuous stimulation of many favorable factors, both the supply and demand sides are more enthusiastic to enter the market and transactions are increasing. In the short term, the market may continue the trend.